it is just wild how crypto has managed to remain a sort of respectable industry in Washington despite an endless parade of stories like this (the reason is campaign donations) www.coindesk.com/tech/2024/10...
More than a dozen blockchain firms inadvertently hired undercover IT workers from the rogue state, incurring cybersecurity and legal risks, a CoinDesk investigation found.
The ability to literally print money goes a long way in DC
Not the first industry to pull that off - natural medicine quacks did it 30 years ago this month en.wikipedia.org/wiki/Dietary...
The fact that Crypto has helped one of the most authoritarian governments on the planet with no introspection from Crypto Bros just shows how full of shit they are.
All their PAC ads are about other issues, all their spin to reporters is about how Actually a crucial group of swing voters own crypto and neither party can ignore them.
Didn't Alameda & Effective Altruists have two huge lobbying arms for this? Effective Altruism always enabling some explicitly visible consequences not in their calculations
“Respectable” as in a lot of money will get one a meeting. I’m still a bit stunned that the crypto lobby managed to get model amendments to the Uniform Commercial Code drafted and in front of state legislatures specifically to address their assets.
It's like pimping the numbers industry in the 1020's.
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